Health Insurance Florida 2-40 Practice Exam Questions 1 / Newest Actual Exam Review Q&A with Definitive Answers / A+ Score Solutions.Terms in this set (51) All of the following elements are required of a
contract EXCEPT:
-assignment acceptance- -legal capacity legal purpose- assignment An applicant for insurance submits an application to an insurer for underwriting but does not forward any premium payment with the application. Legally, the applicant is making -an inquiry for an offer -an offer -a counteroffer -an acceptance an inquiry for an offer 1 / 4
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Because health insurance policies are offered on a "take it or leave it" basis, they are referred to as which of the following types of contracts?Aleatory Contracts Executory Contracts Unilateral Contracts Contracts of Adhesion Contracts of Adhesion The Consideration clause in an accident and health
policy states that:
The applicant pays the initial premium Insurable interest must exist between the parties involved Any attachments to the policy constitute the entire contract of insurance Certain claims will be excluded under the policy The applicant pays the initial premium 3 / 4
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